You may have heard this before: yield is an indication of risk. With Treasury rates hovering around 3% on the long maturities, anything mcuh above that rate is telling me, "risk". And the higher the rate, the bigger the risk.
Second, closed end funds do not normally trade at their actual values in the market place. Buying any asset at a discount only makes sense to me when you can sell it later at a premium or above net asset value.
One cost effective method to "buy yield" is to invest in Exhcnge Traded Funds (ETF's) that own yield producing instruments/investments and are professionally managed. Those ETF's might be utility ETF's or high yield bond ETF's or a protfolio of high yield ETF's.
To increase the return or income on your investments, you might also consider selling call options against your stocks or investing in any of the available vehicles that follow this practice. Please DO NOT let the word option scare you. Sellers of options against a portfolio are actually being quite conservative with their market approach.
Hope this has given you some avenues to explore.
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